NMC Insurance Sample Clauses

NMC Insurance. NMC shall obtain and maintain in full force and ------------- effect, the following insurance coverages, or its equivalent satisfactory to Contracting Owner, with minimum limits as indicated, (which may also be revised to reasonable amounts consistent with similar industry practice at the Contracting Owner's discretion from time to time) at all times during the term of this NPPOSA and beyond, as required. (a) NMC shall maintain worker's compensation and employer's liability insurance as required by appropriate state law. (b) NMC shall maintain commercial general liability (CGL) insurance (or its equivalent satisfactory to Contracting Owner) and, if necessary, commercial umbrella or excess insurance with a total limit of not less than $2,000,000 each occurrence. Contracting Owner shall be included as an additional insured under the CGL insurance. (c) NMC shall maintain automobile liability insurance (or its equivalent satisfactory to Contracting Owner) and, if necessary, commercial umbrella or excess liability insurance with a combined single limit (or equivalent) of not less than $2,000,000 each accident. Contracting Owner shall be included as an additional insured. (d) NMC waives all rights against Contracting Owner and its agents, officers, directors, and employees for recovery of damages to the extent these damages are covered by any of the insurance required above. NMC shall furnish the Contracting Owner with duly executed Certificates of Insurance certifying that such insurance has been provided and that the insurance companies will give the Contracting Owner thirty (30) days prior written notice of any material change in, or cancellation of, such insurance coverage. Such certificate shall also specify the dates when such insurance commences and expires. Certificates should be delivered to the Contracting Owner pursuant to Section 13.5. NMC agrees that such insurance shall be maintained throughout the entire term of this Agreement and beyond, as required. The cost of all insurance procured by NMC, including, without limitation, any deferred or retrospective premium assessments, shall be included in the Costs of Operation.
Sample 1
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Related to NMC Insurance

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Tail Insurance Buyer shall deliver evidence of its tail insurance coverage required by Section 6.13 hereof.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Travel Insurance The Employer shall provide and pay the full cost for travel insurance to cover all members of the bargaining unit for all modes of travel, in the amount of $200,000.00. The travel insurance policy shall also cover employees while on union business.

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